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Gift Cards A Taxing Problem? Not Necessarily Says Tango Card CCO

PYMNTS

And when it comes to rewarding employees with a holiday or other work anniversary reward, the last thing businesses need is to have their generosity become a tax headache. However, he added, the tax implications should not exceed the cost and purpose of the present. The Wild West. Awesome … My Fourth Water Bottle.

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New Tax Planned As eCommerce Soars In Thailand 

PYMNTS

Thailand hopes to annually collect 3 billion to 4 billion baht ($98 million to $131 million) by introducing a tax on tech businesses, Reuters reported on Monday (Aug. If approved by Parliament, Thailand will institute a value-added-tax starting next year on electronic businesses, leveraging the eCommerce boom in the country.

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Big Tech Compliance Tracker: Tencent Says Big Tech Needs Greater Oversight; Group Seeks To Block Maryland Online Ad Tax

PYMNTS

Group Seeks to Block Maryland Online Advertising Tax. Marylanders for Tax Fairness is preparing for a battle in January over the state’s attempt to make a digital advertising tax, the Baltimore Sun reported. Maryland legislators ratified the tax earlier in 2020, but Gov. Larry Hogan vetoed the levy. percent to 10 percent.

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Bitcoin Daily: China Construction Bank Grows Blockchain Platform; IRS Tax Forms Now Ask About Crypto

PYMNTS

In other news, the Marco Polo Network has announced that it has secured its first Russian-German import-export operations financing project. We expect Marco Polo to ensure seamless collaboration of several sides engaged in international trade operations (banks, suppliers, insurance companies, etc.)

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PayPal Launches iZettle Food & Drink In The UK

PYMNTS

The iZettle Food & Drink debut in PayPal promises a simplified POS solution designed to provide hospitality businesses with ways to operate and grow their business. The remote payments app allows merchants to charge customers by sending a payment link via SMS, Whatsapp, email or social media.

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Fresh Opening For eBay Comes Amid Amazon Woes

PYMNTS

Thanks to Amazon and sales tax , eBay is reportedly enjoying a fresh opening in Australia. Amazon launched a local website in that country in December, followed by the introduction of faster product deliveries via the eCommerce operator’s Prime loyalty program. Taxes aren’t helping, either.

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Be Sure Your Business is Ready for the Coming Year!

FirstInternet

Now is absolutely the time to begin to develop your tax strategy with your accountant. For example, if you received a Paycheck Protection Program loan, you’ll need to know how your loan forgiveness (or not) will affect your next tax return. It’s also more important than ever to be actively engaged on social media platforms.